Cineplex FY2024 EPS Cut by National Bank Financial

Cineplex Inc. (TSE:CGX) – Equities research analysts at National Bank Financial lowered their FY2024 earnings estimates for shares of Cineplex in a report issued on Wednesday, November 6th. National Bank Financial analyst A. Shine now anticipates that the company will post earnings per share of ($0.35) for the year, down from their prior estimate of $0.42. The consensus estimate for Cineplex’s current full-year earnings is $1.08 per share.

Cineplex (TSE:CGX) last posted its earnings results on Friday, August 9th. The company reported C($0.33) earnings per share (EPS) for the quarter. The company had revenue of C$277.34 million during the quarter, compared to analysts’ expectations of C$283.90 million.

A number of other research firms have also issued reports on CGX. Royal Bank of Canada reduced their target price on shares of Cineplex from C$14.00 to C$13.00 in a report on Wednesday, July 24th. Desjardins boosted their price objective on Cineplex from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Scotiabank boosted their price target on shares of Cineplex from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. TD Securities lifted their price objective on shares of Cineplex from C$14.00 to C$16.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Canaccord Genuity Group increased their target price on Cineplex from C$11.50 to C$12.00 in a report on Thursday, October 17th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Cineplex presently has an average rating of “Moderate Buy” and a consensus target price of C$18.71.

Cineplex Stock Down 2.3 %

Shares of TSE:CGX opened at C$10.14 on Monday. The company has a debt-to-equity ratio of 30,533.69, a current ratio of 0.36 and a quick ratio of 0.22. The firm has a market capitalization of C$645.72 million, a PE ratio of -9.05, a price-to-earnings-growth ratio of 0.30 and a beta of 2.74. The firm’s 50-day moving average is C$10.55 and its two-hundred day moving average is C$9.31. Cineplex has a 1 year low of C$7.10 and a 1 year high of C$11.16.

About Cineplex

Cineplex Inc, together with its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Location-Based Entertainment. The company engages in theatre exhibitions and food service activities; and provision of alternative programming service comprising international film programming, as well as content offered under the Event Cinema brand, including The Metropolitan Opera, sporting events, concerts, and dedicated event screens.